Wendy Receives a Proportionate Nonliquidating Distribution from the WXY Partnership

Multiple Choice

Wendy receives a proportionate nonliquidating distribution from the WXY Partnership.The distribution consists of $75,000 cash and property with an adjusted basis to the partnership of $20,000 and a fair market value of $25,000.Immediately before the distribution,Wendy's adjusted basis for her partnership interest is $90,000.Wendy's basis in the noncash property received is:

A) $0.
B) $15,000.
C) $20,000.
D) $25,000.
E) None of the above.